Chrysler CEO Sergio Marchionne has expressed his “regret” at a remark he termed “inappropriate” referring to the loans the automaker got from the U.S. and Canadian governments following its 2009 bankruptcy.
Following a weekend meeting with Chrysler retailers at the annual conference of the National Automobile Dealers Association, Marchionne said, “I want to pay back the shyster loans” as soon as possible, a term normally associated with usurious lenders.
It would be one of the steps that needs be taken before any merger between Chrysler and Fiat, something the Canadian-educated executive hinted he is considering. Marchionne also left open the possibility that a consolidated Chrysler/Fiat might headquarter out of the U.S. Such a move, he hinted, might follow their operational consolidation.